Inflation is officially on the rise again. 

The latest Stats NZ figures show the Consumers Price Index rose 2.5% in the year to March – up from a 2.2% rise in the year to December. 

The numbers cover the 12 months to March 31, and don't reflect the impact of Donald Trump's new tariffs and other new trade barriers. 

NZ Herald Business Editor Liam Dann told John MacDonald that despite the increase, economists are reasonably confident the Reserve Bank will be able to continue cutting interest rates. 

He says the economy is very slow, so they’re expecting non-tradable inflation to continue going down.  

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